First Majestic Silver (TSE:AG) Posts Quarterly Earnings Results

First Majestic Silver (TSE:AG) posted its earnings results on Thursday. The company reported C$0.30 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$590.33 million for the quarter. First Majestic Silver had a return on equity of 10.82% and a net margin of 19.45%.

First Majestic Silver Price Performance

TSE AG opened at C$21.93 on Friday. The company’s 50 day simple moving average is C$24.65 and its two-hundred day simple moving average is C$28.77. First Majestic Silver has a 1 year low of C$10.69 and a 1 year high of C$43.69. The stock has a market capitalization of C$10.83 billion, a PE ratio of 37.17 and a beta of 2.79.

Analyst Upgrades and Downgrades

AG has been the topic of a number of analyst reports. Scotiabank upgraded First Majestic Silver to a “hold” rating in a research note on Thursday, April 23rd. ATB Cormark Capital Markets upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$36.00 to C$37.00 in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, First Majestic Silver has a consensus rating of “Buy” and an average target price of C$30.40.

About First Majestic Silver

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.